India to receive loan from JICA for MAHSR

28 Jul 2022 CW Team

The Mumbai Ahmedabad High-Speed Rail (MAHSR), a project that is dear to Prime Minister Narendra Modi, will receive a loan from the Japan International Cooperation Agency (JICA) of roughly Rs 6,000 crore as Tranche 3 to provide official development assistance (ODA).

The MAHSR project is moving more quickly under the new Eknath Shinde-Devendra Fadnavis administration. By constructing a high-speed train between Mumbai and Ahmedabad utilising Japan’s Shinkansen technology, the project aims to create a high-frequency mass transportation system, improving mobility in India and promoting regional economic growth.

The loan agreement was signed by Watanabe Jun, Senior Representative of JICA India, and Rajat Kumar Mishra, Additional Secretary of the Department of Economic Affairs in the Government of India’s Ministry of Finance.

MAHSR project helped to create India’s first high-speed rail initiative. This project, which incorporates high-speed rail technology from Japan, has become a representation of cooperation between Japan and India. In terms of civil work, much progress has already been made. We anticipate a time soon when the Shinkansen system used in the project will help the entire region expand economically and socially, generating cash for the local populace.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..